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Nov 29, 2012
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that's going to be more money coming out of the keconomy and going into the government. there's not really a lot of cost savings if you look at the actual numbers from the gao. >> wouldn't coins be easier, especially for smaller transactions? >> well, i think, really, the market has spoken there. npr last year found a billion of these things hitting on shelves in a warehouse somewhere. i think if there was a real benefit to retailers, if there was a benefit to consumers, they wouldn't be sitting there. they'd be in circulation. >> all right. congressman, what about that? dollar coins have been in circulation since the 1700s. modern day consumers have always gravitated toward the bills. if they had the choice, why force the change? >> you notice that you don't go into a store and have a choice between having a paper quarter and a coin quarter. you get the coin quarter. it's the same thing with the dollar bill. the experience in all the countries, every major country that's done this, that once you make the transition, and if you make the transition as rapidly as possible,
that's going to be more money coming out of the keconomy and going into the government. there's not really a lot of cost savings if you look at the actual numbers from the gao. >> wouldn't coins be easier, especially for smaller transactions? >> well, i think, really, the market has spoken there. npr last year found a billion of these things hitting on shelves in a warehouse somewhere. i think if there was a real benefit to retailers, if there was a benefit to consumers, they...
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Dec 4, 2012
12/12
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casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd hurting traditional largely retail investors taking away profits. another sign this is a threat to investors. kayla, should we be surprised that the pros are lunching once again? >> talked about this so much, tyler. what i found interesting about this study, it tried to quantify the advantage, saying in the future's market, high-frequency trade hearse tradeers had a $5 contract. i'm worried about the volatility overall. >> a sign of something nefarious going on or the stupid of retail investors try go into this game? >> it doesn't measure the benefit bus the looks at the cost. there is a lot more lick
casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd...
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Nov 29, 2012
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government has been the 800-pound gorilla in the bond market. i believe they're artificially suppressing those interest rates. when those start to move, i think it will be a move most people are not prepared to undertake. >> what do you think we do tomorrow? >> well, depending on what nancy pelosi says, i still they we're up -- i think we made a little more pullback on this volatility. i think the trend to the end of the year is to the up side. play for the long side. >> as we learned from eamon javers,
government has been the 800-pound gorilla in the bond market. i believe they're artificially suppressing those interest rates. when those start to move, i think it will be a move most people are not prepared to undertake. >> what do you think we do tomorrow? >> well, depending on what nancy pelosi says, i still they we're up -- i think we made a little more pullback on this volatility. i think the trend to the end of the year is to the up side. play for the long side. >> as we...
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Nov 29, 2012
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two, that he is not personally entangled in this current government investigation. well, rather in the current government complaint over insider trading allegations against a former trader as well as one of sac's subsidiary units. there was talk that he may be charged in the coming months, but the staff has reassured them it'sed a rye s ed advisers that chargcharg charged along with a doctor who allegedly provided information to this insider. not cohen personally. as far as i'm told, the staff mood has been relatively stable. people are obviously concerned, but cohen has been going around and actually meeting with portfolio managers one on one, melissa, to try to reassure them this should be business as usual and he's not going anywhere. >> it's karen. let me ask you something. if there is liability for the firm, who bears that liability? do the investors in the firm, or when they say the firm, is that equity owners of the firm? >> in this case, they put safeguards in place a few years ago such that steve cohen is personally financially responsible for any legal iss
two, that he is not personally entangled in this current government investigation. well, rather in the current government complaint over insider trading allegations against a former trader as well as one of sac's subsidiary units. there was talk that he may be charged in the coming months, but the staff has reassured them it'sed a rye s ed advisers that chargcharg charged along with a doctor who allegedly provided information to this insider. not cohen personally. as far as i'm told, the staff...
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Dec 7, 2012
12/12
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but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment and see how high we can crank up tax rates in this country without it hurting economic growth. they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humilit
but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment...
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Dec 6, 2012
12/12
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some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiat
some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit....
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Nov 29, 2012
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in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide
in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. at merrill lynch, we...
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Nov 29, 2012
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big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thi
big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly...
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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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Dec 7, 2012
12/12
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fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more and better jobs coming to michigan. we have watched what has gone on in indiana with more companies look
fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to...
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Nov 29, 2012
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rationalizing this to the public and to the government would prove very tough. for large firms, administration issues including getting comp committees determining what wage to pay and getting stock in the hands of employees by year end is too massive an undertaking for many with just a month to go in the year. now pay experts say interest in act sell traiting bonuses peaked after the election, but once they understood the hurdles they have to clear, they dropped it. while smaller firms may accelerate payments too because the administrative burden is mangle. one ceo who does not want to be identifieded says that -- this will allow the firms to escape mentioning the move in their annual proxies. should budget talks fail as which approach year end, advisers say some ceos may revir revisit paying out bonuses early. >> hesitant of the government's ability to avoid the fiscal cliff, many high income earns are taking steps to sell their houses, stocks and even businesses before the end of the year. you're going to name names? >> one of the advantages of being wealthy
rationalizing this to the public and to the government would prove very tough. for large firms, administration issues including getting comp committees determining what wage to pay and getting stock in the hands of employees by year end is too massive an undertaking for many with just a month to go in the year. now pay experts say interest in act sell traiting bonuses peaked after the election, but once they understood the hurdles they have to clear, they dropped it. while smaller firms may...
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Nov 29, 2012
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and too much government intervention. positive impact on the weak in the real, but it for rios, it's very much a bottoming out of earnings. you have at least a positive view coming from china. voolation is very much on its side. a slight admission here that my view is you're going to start to see a bit of sector rotation going into 2013. worst performing sector in 2012, basic resources. they all had a terrible time. and i'm not saying it's a bad time. they'll turn around and outperform. but if you're looking for a bit of sector rotation, earn i thinkings have bottomed out. i think the chinese situation in terms of growth will be better than expected. i think rios is the place to be. >> and why? >> i'm more positive on the iron ore side. and china and value ace and growth plans. look today in terms of what they've stated in their investor day in australia. they put us pretty clear outlook for what their growth patterns in terms of capex and cost production. bhp is very much a much more diversified miner, a lot more expensi
and too much government intervention. positive impact on the weak in the real, but it for rios, it's very much a bottoming out of earnings. you have at least a positive view coming from china. voolation is very much on its side. a slight admission here that my view is you're going to start to see a bit of sector rotation going into 2013. worst performing sector in 2012, basic resources. they all had a terrible time. and i'm not saying it's a bad time. they'll turn around and outperform. but if...
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maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who
maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone,...
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Nov 29, 2012
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we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation chan in the streets direction? wall street veteran and bedford of adviser ceo joins us next. before copd... took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or h
we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation chan in the streets direction? wall street veteran and bedford of adviser ceo joins us next. before copd... took my son fishing every year. we had a great spot, not easy to find, but worth it....
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coming up tonight on the big picture why republicans so worried about the united nations taking over our government and if they really think of defunct nonprofit group help steal the election for president obama all that more in tonight's lone liberal rumble and thousands of men women and children die every year as a result of senseless and completely preventable gun violence but have we become a nation that's afraid to talk about guns and to create the laws that are needed to effectively regulate that will protect american lives. you need to know this paranoid delusions swept the floor of the united states senate on tuesday as a group of republican senators blocked ratification of a u.n. treaty to help disabled people around the planet the convention on the rights of persons with disabilities requires signatory u.n. nations to provide for disabled populations in the exact same way as does the american one nine hundred ninety americans with disabilities act the treaty would require absolutely no changes to current u.s. law suite already passed the american americans with disabilities act more than
coming up tonight on the big picture why republicans so worried about the united nations taking over our government and if they really think of defunct nonprofit group help steal the election for president obama all that more in tonight's lone liberal rumble and thousands of men women and children die every year as a result of senseless and completely preventable gun violence but have we become a nation that's afraid to talk about guns and to create the laws that are needed to effectively...
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Dec 4, 2012
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new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after the election, mitt romney is returning to the business world. the former republican presidential nominee rejoined the board of the u.s. hotel company marriott international. romney served on the marriott board for over a decade stepping down in 2002 before becoming governor of massachusetts and again in 2011 when he launched his second presidential bid. the romney and marriott families have been close friends for generations. romney even named jay, willard marriott, the founder of the company. >>> and returning to health news now. you'll be interested in
new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask...
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Nov 29, 2012
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and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is unfortunate. he should be in washington here sitting down in a good faith effort to try and grow the economy. because that's ten times more effective. >> senator, what are the odds that you think we reach an agreement before january 1st? >> that's just hard to say. there are enough republicans that are showing a willingness and i'm certainly willing to sit down with anybody who is willing to negotiate in between faith. my guess is we probably will get it solve, but i hope item not done in a way that harps tms th economy. but the president has to show us his balanced plan. >> as you said yourself, probably not the way to do to negotiate either on television or in front of everybody. that's probably happening behind the scenes. >> becky, that's not negotiating. that's called putting your plan on the table. republicans have passed two budgets. we have a bipart
and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is unfortunate. he should be in washington here sitting down in a good faith effort to try and grow the economy. because that's ten times more effective. >> senator, what are the odds that you think we reach an agreement before january 1st? >> that's just hard to say. there are enough republicans that are...
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Dec 5, 2012
12/12
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CURRENT
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they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the republican part of my district today and met with a lot of republican commissioners. the message i told them is what i told everybody. whether you're a republican, democrat, i have an open door. i want to hea
they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead...
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Nov 29, 2012
11/12
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FBC
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we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation change in the streets direction? wall street veteran and bedford of adviser ceo joins us next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes report these signs and sptoms to youdoctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or bast cancer. serious side effects could include creased ris
we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation change in the streets direction? wall street veteran and bedford of adviser ceo joins us next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment...
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Nov 30, 2012
11/12
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CURRENT
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of course is there is this fundamental aversion to the size of government, to a big government. and what you're suggesting is that we need different scale of government. we need a bigger government that actually is willing to spend more on the anti-poverty programs. emotionally, the public doesn't want that. even warren buffett recently said we shouldn't spend more than 21% of gdp. you're saying we should be spending more than that. >> well, yes. if you decide that income inequality is a problem and more and more economists are coming to that conclusion that it is hurting our growth. it createless all sorts of -- what we need to combat it in a way, to create a more level playing field in terms of equality of opportunity. that requires money. so rather than reducing entitlements, you have to think of well, what are other ways it could help workers adapt. all of these things require funds. >> eliot: our federal government as representative of gdp has been about 15%. >> that's right. >> eliot: which is staggeringly low. >> that's right. it is wray low. you hear the conversation in
of course is there is this fundamental aversion to the size of government, to a big government. and what you're suggesting is that we need different scale of government. we need a bigger government that actually is willing to spend more on the anti-poverty programs. emotionally, the public doesn't want that. even warren buffett recently said we shouldn't spend more than 21% of gdp. you're saying we should be spending more than that. >> well, yes. if you decide that income inequality is a...
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Nov 30, 2012
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keeping the government out of private lives. so there are already people who is been won over on that argument. as for the other, i think it's a little unfair to tell people for whom they're religious points of view might inform that decision that they're intolerant, that they're terrible people. they can have those points of view, but as a party, i think the gop needs to get a little bit more tolerant about those issues as a big tent party. not personally. you can personally disagree with gay marriage if you want. and by the way there are plenty of democrats who for religious reasons don't personally agree with gay marriage. but, yeah, i think the gop needs to move sort of beyond those intolerance arguments and talk about other things. >> a major sticking point for young voters. >> absolutely. up next, filibuster reform. we know it doesn't sound exiting, but with southern jimmy williams, even that can be fun. let the good times roll. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to
keeping the government out of private lives. so there are already people who is been won over on that argument. as for the other, i think it's a little unfair to tell people for whom they're religious points of view might inform that decision that they're intolerant, that they're terrible people. they can have those points of view, but as a party, i think the gop needs to get a little bit more tolerant about those issues as a big tent party. not personally. you can personally disagree with gay...
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Dec 5, 2012
12/12
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the people running the government. the politicians. good politicians don't take their countries off of cliffs. "the ed show" starts right now. >>> good evening, americans. welcome to "the ed show" live from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radical right after senate republicans block a u.n. treaty on rights for the disabled because they are concerned about home schooling. you don't want to miss this tape. >>> plus my interview with ohio senator sherrod brown on what looks like a massive win for progressives and elizabeth warren. >>> then senator debbi stabenow
the people running the government. the politicians. good politicians don't take their countries off of cliffs. "the ed show" starts right now. >>> good evening, americans. welcome to "the ed show" live from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >>...
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Dec 1, 2012
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also i think, you know, it takes away the claim that the federal government is u surping health care. states forfeited their option to do something. i also think we're going to have an interesting set of experiments. california, colorado, maryland and other states that are going to do this well will show the country. can you save money? can you improve health outcomes? can you give people options they like? i would look to those particular states because they are really working on developing an exchange, running it well, the case of colorado interestingly enough, it's pretty bipartisan. you have people who want to make it work on both sides of the aisle. these could shame other states to come in. i also think we should be honest. out of 2014, there may be some bumps in the road. but this is for the long haul. out of the gate, it may not be perfect. but lots of software is not perfect out of gate, but we use it and love it and it helps us. the same is going to be true here. it's going to help millions of people get better insurance products that are cheaper. >> thanks for coming in. >>
also i think, you know, it takes away the claim that the federal government is u surping health care. states forfeited their option to do something. i also think we're going to have an interesting set of experiments. california, colorado, maryland and other states that are going to do this well will show the country. can you save money? can you improve health outcomes? can you give people options they like? i would look to those particular states because they are really working on developing an...
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Dec 6, 2012
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that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you make of this about-face and philosophical change and approach to the middle class. you buying it? >> well, it's not an about-face, not by a long shot. there is not much compassion in either of those conservatives. and you know, i think what mr. ryan and mr. rubio must think is, you know, that movie, "men in black"? there have been three "men in black" movies, and i think one of the coolest things about that movie that most people remember is that little device that erases people's memories. well, i think that paul ryan and marco rubio must believe that all america
that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you...
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Dec 5, 2012
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and they understand that what's being threatened is their ability to govern. they have priorities they have to get through. so he's got to actually exert a firmer hand. we're starting to see that with boehner. but howard is right. mcconnell has an election at stake. >> he hired rand paul's campaign manager to be his campaign manager in the upcoming race. >> i look at the democrats of this. the veterans of the senate, the old guard, the statesman. there was still respect available. it just seems lost today. >> you make a very important point. it's true of the baby boom generation. very few of them have the bonding national experience of being in the army.
and they understand that what's being threatened is their ability to govern. they have priorities they have to get through. so he's got to actually exert a firmer hand. we're starting to see that with boehner. but howard is right. mcconnell has an election at stake. >> he hired rand paul's campaign manager to be his campaign manager in the upcoming race. >> i look at the democrats of this. the veterans of the senate, the old guard, the statesman. there was still respect available....
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Nov 30, 2012
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at the same time, new government figures show that more than 53,000 undocumented immigrants have been approved to stay in the country under president obama's new immigration policy. the deferred action for childhood arrivals initiative launched in august halts the depotatid deportation of some undocumented immigrants brought to the u.s. as children. joining me, one of the first to benefit from the new policy, and telemundo's jose diaz belart. good to see both of you. the president announced the program earlier this year. how is it being rolled out, and who qualifies? >> well, okay. first of all, it's only a two-year reprieve from possible deportation. this is not a permanent solution, this is just a two-year reprieve. and it could benefit up to 1.2 million young people like carla. to be able to qualify, you have to have -- you're under 31 years of age by june of this year. you have to have lived in this country for at least five years, gotten to the united states before you were 16 years of age. and of course, not have any kind of record, criminal record. gone to high school or going
at the same time, new government figures show that more than 53,000 undocumented immigrants have been approved to stay in the country under president obama's new immigration policy. the deferred action for childhood arrivals initiative launched in august halts the depotatid deportation of some undocumented immigrants brought to the u.s. as children. joining me, one of the first to benefit from the new policy, and telemundo's jose diaz belart. good to see both of you. the president announced the...
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Dec 1, 2012
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government officials insisted rebels were behind the outage. meanwhile, fighting continued in and around damascus, but government troops managed to reopen the road to the city's airport. the u.s. soldier accused of espionage in the wikileaks document dump has conceded he considered suicide after his arrest. private first class bradley manning was cross-examined today in a pre-trial hearing at fort meade, maryland. he admitted making a noose out of bed sheets before being sent to the u.s. marine corps brig at quantico, virginia. manning says his treatment there was so harsh, the charges should be dismissed. the military says manning was a suicide risk, so jailers kept him isolated and took away his clothes. the holders of half of that record powerball jackpot of $588 million came forward today in missouri. a 52-year-old mechanic, mark hill, and his wife cindy were introduced in dearborn, just north of kansas city. cindy hill said she couldn't believe at first that their ticket was a winner. >> i didn't have my glasses and i was thinking is that
government officials insisted rebels were behind the outage. meanwhile, fighting continued in and around damascus, but government troops managed to reopen the road to the city's airport. the u.s. soldier accused of espionage in the wikileaks document dump has conceded he considered suicide after his arrest. private first class bradley manning was cross-examined today in a pre-trial hearing at fort meade, maryland. he admitted making a noose out of bed sheets before being sent to the u.s. marine...
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Dec 4, 2012
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it wasn't set up to have the federal government step in and do this. they were trying to give the states more control. an open question is, if these governors stay recalcitrant, are they essentially going to set the system up to fail and they get what they want. >> that seems to be whether -- >> setting up exchanges sort of dismantle obama care or difficult to access it or ejecting the expansion, there has to be some -- the question is how much they're held accountable by their constits wents. >> this goes to a cynicism grover referred to in his interview with you where he said well, people think that if we raise taxes on the wealthy, eventually we'll result in higher taxes for them. and part of the idea here is, people think if we can challenge this form of health care, distributed as ezra reported with very, very good mar gyps for these states -- margins from these states from the fed we can undermine the system. it's a deeply cynical view of how government benefits work and share the sacrifice. it can work in the short term because i don't know that
it wasn't set up to have the federal government step in and do this. they were trying to give the states more control. an open question is, if these governors stay recalcitrant, are they essentially going to set the system up to fail and they get what they want. >> that seems to be whether -- >> setting up exchanges sort of dismantle obama care or difficult to access it or ejecting the expansion, there has to be some -- the question is how much they're held accountable by their...
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Dec 1, 2012
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or the government is offering the ongoing market in the future. they were to fail, the government would stand behind them. it is far more limited. the question is, what do you want the government doing and in my mind you don't want the full credit exposure. he wanted doing that in the part of the market that needs to be served. it takes a far more limited risk and does it explicitly. and if we decide that we are not going to have any success with winding down, it is inevitable in my mind that fha is the larger part and will be taking a bigger part of this to review. >> [inaudible question] will we see something that looks like this continue? what kind of time will it take to do something like this? >> that is absolutely right. this needs to be a topic of broader conversation. >> when the gse is raised private capital, it is really nothing of the sort. the fha loan raises mortgage insurance premiums and pushes the credits back to the gse. these are specific organizations together and that has to be the total construct of the government together and
or the government is offering the ongoing market in the future. they were to fail, the government would stand behind them. it is far more limited. the question is, what do you want the government doing and in my mind you don't want the full credit exposure. he wanted doing that in the part of the market that needs to be served. it takes a far more limited risk and does it explicitly. and if we decide that we are not going to have any success with winding down, it is inevitable in my mind that...
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Nov 29, 2012
11/12
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the government is replete with waste and fraud. part of the culture, it's not just a spending cultures, it's a waste and fraud culture. you guys don't even look in your own backyard. >> i was the auditor general in pennsylvania for eight years, the watchdog. i rooted out a lot of waste and fraud. >> greta: do you agree with me? >> absolutely there is. it's been under democrats and republicans. >> greta: both. >> in order to build what we need to build -- >> greta: why don't you start there? show good faith to the american people that you really car. >> the gao almost every couple of years have produced a report that said we could save between $100 billion and $200 billion. let's say it with a off. >> greta: i have that report on my desk. every single year you ignore it except for senator tom coburn. >> shame on both parties. >> greta: i'm not kidding. it's disgraceful. >> you need income from upper income folks, but you have to root out waste and fraud, you have to grow the economy, and over time we can come together. i know we can
the government is replete with waste and fraud. part of the culture, it's not just a spending cultures, it's a waste and fraud culture. you guys don't even look in your own backyard. >> i was the auditor general in pennsylvania for eight years, the watchdog. i rooted out a lot of waste and fraud. >> greta: do you agree with me? >> absolutely there is. it's been under democrats and republicans. >> greta: both. >> in order to build what we need to build -- >>...
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Dec 4, 2012
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in fact, it's something that the government are trying to push through parliament now. the queen raised this in her address to the commonwealth last year and since then, it hasn't been made legislation. i suspect it will be made legislation very quickly now that we know that the duke and duchess of cambridge are expecting a baby, because as you rightly point out, this legislation will mean that should this baby be a girl, she will be an historic girl because she will be queen regardless of any male heirs born after that, the firstborn, if she were a girl. she would be a historic child. >> the other fascinating twist to this, of course, is that one of the reasons that some women, many women apparently, get this condition, hyperemesis gravidarum, is because they're expecting twins. if that is the case, how would that affect the succession? is it literally the first one out is the heir? >> like you say, if this legislation comes into play, which i suspect it will ahead of the birth, then yes, if the firstborn, the first twin to birth is a girl, then she will take precedenc
in fact, it's something that the government are trying to push through parliament now. the queen raised this in her address to the commonwealth last year and since then, it hasn't been made legislation. i suspect it will be made legislation very quickly now that we know that the duke and duchess of cambridge are expecting a baby, because as you rightly point out, this legislation will mean that should this baby be a girl, she will be an historic girl because she will be queen regardless of any...
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Nov 30, 2012
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this, the government is basically set up to govern themselves, each step of the way to make the rules. he doesn't want that to happen. he wants to make the rules himself, this is not that type of place. just looking, everybody is concerned about the $1.6 in taxes, blah, blah, blah. that's nothing. the last part is the important part, because now he can have complete control over everything and anything. host: before you keep going on to highlight for the viewers at home maybe did not see this. part included the changing of the current la that specifically goes to requiring congressional approval. go ahead feignedish your point, caller. caller: like i said, the last part is the important part. the last part, he is going to twist it. like everything else he has been doing, trying to go through little back doors slipping this and that in, that would change the current law requiring congressional approval? it just doesn't make sense. host: here's the photo from the u.n. yesterday. the headline is the u.s. heightens the state of palestine, this is mahmoud abbas congratulated by turkey's fo
this, the government is basically set up to govern themselves, each step of the way to make the rules. he doesn't want that to happen. he wants to make the rules himself, this is not that type of place. just looking, everybody is concerned about the $1.6 in taxes, blah, blah, blah. that's nothing. the last part is the important part, because now he can have complete control over everything and anything. host: before you keep going on to highlight for the viewers at home maybe did not see this....
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that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be hi
that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held...
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Dec 4, 2012
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you're dealing with deployment of governance, development of projects that extend governance. and then the security framework, we come the afghan people, and oh, by the way, inside with all this there's a lot of people are very contentious. what i call capital t. taliban, little key taliban and different insurgent groups and transnational terrorist groups. just this morning. so this battalion task force, we were given this mission about 2009 and we're going to deploy an approximate 2010. so as i came on board, the battalion and brigade had been to iraq three consecutive tours. and so the shift was intuitive. there were some germane lessons to be learned and transferred to afghanistan, but not everything. in iraq, and having served in iraq it's different when you have an almost second world infrastructure. they had a technical class of people. every september, books would be shipped out of baghdad. there was a system in place for a lot of bureaucratic and government means. they had a history of forming as a government. which we didn't have that in afghanistan. you didn't have i
you're dealing with deployment of governance, development of projects that extend governance. and then the security framework, we come the afghan people, and oh, by the way, inside with all this there's a lot of people are very contentious. what i call capital t. taliban, little key taliban and different insurgent groups and transnational terrorist groups. just this morning. so this battalion task force, we were given this mission about 2009 and we're going to deploy an approximate 2010. so as...
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Dec 7, 2012
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there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to it, we'll see who is running the show and i'm sure there will be new fresh faces out there and some of the old folks as welcoming out and talking about republican governance and fighting for lower ta lower taxes and less spending. >> here is harry reid's comeback. >> there's some confusion about who is the quarterback. of course, that is quite common when you don't have the white house. but there's no doubt who the quarterback is on the democratic side. the quarterback is the president of the united states. and unfortunately he keeps throwing interceptions. and we're moving backward and backward and backward towards the goal line. >> well, morri
there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to it, we'll see who is running the show and i'm sure...
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Dec 7, 2012
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. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's s
. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling,...